Portsmouth, IA 51565 is a small town located in southwest Iowa. It has around 1,000 residents and is known for its friendly atmosphere. The 2 bedroom rent in the area is $850 versus the US rate of $1,430. Grocery Cost Index in Portsmouth is 95 versus 100 in the US making it an affordable place to live for families. Local businesses include Richmond Hill Bakery, which offers freshly baked goods daily as well as coffee and tea service, Computer Creations which specializes in repairing computers and selling custom built systems, and Garrett Auto Repair that offers maintenance services for cars of all makes and models. Portsmouth also offers many outdoor attractions such as Backbone State Park where one can find trails to explore, lakes to swim or boat on, and rocky ridges perfect for rock climbing.
Portsmouth (zip 51565) has an unemployment rate of 3.5%. The US average is 6.0%.
Portsmouth (zip 51565) has seen the job market decrease by -7.6% over the last year. Future job growth over the next ten years is predicted to be 16.4%, which is lower than the US average of 33.5%.
Tax Rates for Portsmouth (zip 51565)
- The Sales Tax Rate for Portsmouth (zip 51565) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Portsmouth (zip 51565) is 9.1%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Portsmouth (zip 51565)
- The average income of a Portsmouth (zip 51565) resident is $39,293 a year. The US average is $37,638 a year.
- The Median household income of a Portsmouth (zip 51565) resident is $88,212 a year. The US average is $69,021 a year.